2, WELLESLEY CLOSE, BANBURY, OX16 3QP - £136,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 WELLESLEY CLOSE is a very small semi-detached house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £262,348. It was last sold for £136,500 in October 2004, which was around 27% below the average October 2004 semi-detached price in the Cherwell local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

2 WELLESLEY CLOSE Sold Prices

Land registry data shows three sales for 2 WELLESLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cherwell local authority area for the corresponding sale date. All of the three 2 WELLESLEY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2004 12 OCT	£136,500	£185,727	27% below HPI
2001 7 DEC	£97,150	£122,919	21% below HPI
1998 26 JUN	£66,995	£79,681	16% below HPI

2 WELLESLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cherwell local authority area over time, sourced from the HPI. The three 2 WELLESLEY CLOSE sales between June 1998 and October 2004 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2004 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 WELLESLEY CLOSE be worth now?

2 WELLESLEY CLOSE might now be worth an estimated £262,348.

This is based on house price inflation of 92.2%, between October 2004 and August 2025, for semi-detached houses, in the Cherwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 92.2% inflationary increase is applied to the most recent sale price for 2 WELLESLEY CLOSE of £136,500 on 12th October 2004. For the value to have increased from £136,500 to £262,348 over the 21 years and two months to August 2025, the following assumptions must hold true:

• The value of 2 WELLESLEY CLOSE has moved in line with the HPI for semi-detached houses in the Cherwell local authority area.
• The October 2004 sale price of £136,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WELLESLEY CLOSE has not materially changed since October 2004.

How Large is 2 WELLESLEY CLOSE?

2 WELLESLEY CLOSE is 59m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of semi-detached houses houses in Banbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banbury, and where 2 WELLESLEY CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 2 WELLESLEY CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Banbury.

2 WELLESLEY CLOSE: Plot and Title Map

2 WELLESLEY CLOSE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 2 WELLESLEY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 WELLESLEY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 WELLESLEY CLOSE?

2 WELLESLEY CLOSE is located in BANBURY, in the OX16 postcode district. The below map shows the position of No. 2 on WELLESLEY CLOSE.